The owner of a Zagreb real estate agency, Boro Vujović, says it's impossible to find a new building in Maksimir for under 3000 euros per square meter.

The start of the new year is excellent in business terms. In anticipation of the new tender for subsidies, buyers have begun to review properties again. Renting apartments is very good because a lot of customers from the center of Zagreb are moving to other parts of the city, Peđa Kovačević, the owner of a Zagreb real estate agency, says. The earthquake scared some tenants who live in the center of Zagreb and they decided to move to other parts of the city, Večernji list writes. - Today, the most important thing is the year it was built, the quality of the building, and its construction, Kovačević says. This is confirmed by Dubravko Ranilović, the first person at the communal association of properties, who says that the main topic of conversation, whether buying or renting, is the amount of reinforced concrete and the quality of construction. Statistics show that there is still great pressure on the rise in apartment prices, especially in Zagreb and the coastal area, while a decrease is primarily observed in other parts of the country. New properties in Zagreb increased in price by around 15% in the first half of 2020, while a decrease of 5% was recorded elsewhere. Ranilović says that at the moment, new construction is in demand, and it is clear that this also affects prices. In the center of Zagreb, there are almost no sales of properties in older buildings. Otherwise, a year before the appearance of the corona virus in Croatia, around 4,000 residential buildings were built with 10.5 thousand apartments. The majority of investors were physical persons, people who build houses (there were 2,280 buildings with one apartment), while 943 buildings with exactly 7,420 apartments were delivered to the market in that year.

In Zagreb, in the first half of last year, a square meter of a new apartment cost an average of 14,300 kuna, while elsewhere in Croatia it was, on average, 2,000 kuna cheaper. No, as with all averages, this does not show the range of prices. Currently, for example, new construction is offered in Španski for 1,750 euros per square meter, but a square meter is also sold in one building on Britanski for 5,500 euros. The owner of a Zagreb real estate agency, Boro Vujović, says that it is impossible to find a new building in Maksimir for under 3,000 euros per square meter, in some parts of Trešnjevka as well, and a new building is being built in preparation on Britanski, where apartments could cost up to 7,000 euros per square meter. - There are people who want to live in the center, no matter what price per square meter, Vujović says. - According to the area of new objects, the most dynamic is in Zagreb and in Lika-Senj County, which has almost reached the main city in terms of new square meters. The next are Istria, Split-Dalmatia and Primorsko-Goranska County. The real estate market has remained active and in difficult 2020, largely thanks to the state and its subsidies, and in September, the state approved over 4,000 subsidies for buying an apartment or building a house. In four years, around 17,000 families have been "taken care of" in this way, and a new round of subsidies is expected in the coming weeks. This year, the state has secured 263 million kuna for subsidized residents, of which 50 million kuna is intended for new users. - The trading volume is still far from what we had before the outbreak of the epidemic, Ranilović says. Foreign buyers, who dominated among new owners in the coastal area, are also missing. The MacroHub Economic Faculty of Zagreb created a regional index of apartment prices based on the prices of sold apartments in the period from 2010 to 2019 from the database of the Zagreb Stock Exchange of Realty. According to them, the coastal regions experienced a significant decrease in prices. The strongest decrease, in both sought-after and achieved prices, was observed in Istria and northern Dalmatia. In Dalmatia, a recovery of prices occurred after 2015, as well as in Zagreb, but a significant decrease in prices was recorded there in 2019. In other parts of the country, movements were relatively stable, but the scope of sales was small. There were more transactions (168) only in Bjelovarsko-Bilogorska County. source: poslovni.hr

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